Spurs’ Cup Run Returns Club To Profit

01 Apr 2011 | tshego

Share on

Tottenham Hotspur Football Club has returned to profit thanks to its success in reaching the Champions League this season.

The club made pre-tax profits of £4.2m during the last six months of 2010, up from a loss of £8.3m over the same period the previous year while turnover increased 49% to £79m.

Tottenham’s operating expenses rose to £61.5m, up from £48.6m, due primarily to the costs associated with having a larger squad.

The club’s half-yearly report said this was off-set by the ‘significant increase in revenue’ the club brought in from its campaign in Europe this season.

The report said merchandise sales increased by 22% and sponsorship and corporate hospitality revenue grew from £12.7m to £16m.

Spurs returned to Europe’s elite competition for the 2010-11 season, having waited 48 years.

The club qualified for the Champions League by finishing fourth in the English Premier League last season and now faces Real Madrid in the quarter-finals on Tuesday.